General Growth Properties, Inc. (NYSE:GGP)‘s stock had its “buy” rating restated by Stifel Nicolaus in a research report issued on Wednesday, November 1st. They currently have a $24.00 price objective on the real estate investment trust’s stock. Stifel Nicolaus’ price target would indicate a potential downside of 0.21% from the company’s previous close.
Other analysts also recently issued reports about the company. BMO Capital Markets set a $22.00 price target on General Growth Properties and gave the company a “hold” rating in a research note on Tuesday, October 31st. BidaskClub downgraded General Growth Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Citigroup Inc. dropped their price objective on General Growth Properties from $30.00 to $27.50 and set a “buy” rating for the company in a report on Monday, August 14th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $28.00 price objective on shares of General Growth Properties in a report on Friday, August 4th. Finally, Zacks Investment Research cut General Growth Properties from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.46.
Shares of General Growth Properties (NYSE GGP) traded up $1.85 during midday trading on Wednesday, hitting $24.05. The stock had a trading volume of 31,738,700 shares, compared to its average volume of 6,331,790. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.35 and a quick ratio of 1.35. General Growth Properties has a one year low of $18.83 and a one year high of $27.10. The company has a market cap of $22,750.00, a P/E ratio of 14.23, a P/E/G ratio of 2.25 and a beta of 0.79.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GGP. OppenheimerFunds Inc. grew its position in shares of General Growth Properties by 29.5% in the 1st quarter. OppenheimerFunds Inc. now owns 14,120 shares of the real estate investment trust’s stock valued at $327,000 after buying an additional 3,217 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of General Growth Properties by 3.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 31,652 shares of the real estate investment trust’s stock valued at $733,000 after purchasing an additional 976 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of General Growth Properties by 90.9% during the 1st quarter. Renaissance Technologies LLC now owns 849,500 shares of the real estate investment trust’s stock valued at $19,691,000 after purchasing an additional 404,500 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of General Growth Properties during the 1st quarter valued at about $195,000. Finally, Gotham Asset Management LLC bought a new stake in shares of General Growth Properties during the 1st quarter valued at about $256,000. Hedge funds and other institutional investors own 88.74% of the company’s stock.
General Growth Properties Company Profile
GGP Inc (GGP), formerly General Growth Properties, Inc, is a self-administered and self-managed real estate investment trust (REIT). The Company operates as a holding company, which is engaged in the operation, development and management of retail and other rental properties, primarily regional malls.
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